Knabu (KBU) ICO

We are a DLT company based in London and have started our bank authorisation process to solve the problem of denial of bank accounts to blockchain businesses. We are currently building a Utility Bank from scratch & engineering it to leverage DLT, alternative to SWIFT.

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Knabu (KBU) ratings

ICOrating.com

Hype score

Low

Risk score

NA

Investment rating

NA

ICObench.com

2.9 / 5

ICOmarks.com

7.4 / 10

TrackICO.io

NA

ICOholder.com

NA

Our rating

6.6

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Overview

Features

We are the only blockchain team that has started the license process to be a clearing bank here in the UK. We are very unique looking to provide fiat clearing and re-engineer the outdated bank model towards universal settlement. This is a non-trivial problem no one else is tackling. We also have a token platform is designed to enable credible token projects to launch with easy to use tools while incentivising good behaviour. It is designed to use DLT to support the cryptoeconomy.

WHAT IS KNABU?

We are a Distributed Ledger
Technology (DLT) company
based in London. Our token
platform is designed to enable
credible token projects to launch
with easy to use tools while
incentivising good behaviour.
We have also started our bank
authorisation process to be a
utility bank. It is designed to use
DLT to support the cryptoeconomy.

Our #1 goal is to enable more
efficient trade and transactions.

This paper describes how we
plan to tackle some of today’s
value transfer inefficiencies and
incentivize good actors who
drive credible token projects.

Unfortunately, two (2) non-trivial problems persist. Both hamper the public good.

First, the DLT sector is underserved. Many DLT businesses unfairly struggle to
access basic banking, whether or not they are custodians of bitcoin or digital
assets. This is so pronounced that regulators themselves have emphasized
this as a problem.2
Unwarranted bank account denials/closures hamper growth
of the crypto-economy and businesses who can use blockchain solutions.
Ultimately it hampers innovation and the public good

Second, the new market of tokenisation (which is driving forward cutting-edge
models) has been tainted by scams, lack of performance and credibility.
Again, the benefits of innovation are being diminished by bad actors.

We want to help drive transparency, competition and innovation in the financial
services and crypto-economy sectors. We want to improve the landscape and
create great outcomes for all of us.

KEY MARKET DRIVERS & OPPORTUNITIES

Today’s cryptomarket is estimated to be $0.5T. By 2025, the
cryptomarket is estimated to be $10T, representing 10% of World GDP.3
Yet, the bridge between fiat currency and cryptocurrencies remains
inconvenient and this value is not easily accessible. The global
payments revenue market size is approximately USD 2 trillion and
steadily rising. In most cases, global payments are the payments
revenues that include direct and indirect revenues generated by
non-cash payment services, collected by financial services companies
around the globe. Our target market is the blockchain business sector.
We plan to target UK based businesses: Blockchain businesses,
regulated companies (e.g. APIs, SPIs EMIs AISPs, PISPs) especially
those with innovative models. For example, FCA Regulatory sandbox
companies and the like that cannot get bank accounts because they are
hybrid models.

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